Cardoso Faces Juncture in Fight
Against Turmoil, Economist Says

By

Jack Epstein AP-Dow Jones News Service

Updated Nov. 3, 1997 12:03 a.m. ET

RIO DE JANEIRO -- The next several weeks will be crucial for President Fernando Henrique Cardoso in his attempt to stave off the effects of turmoil caused by international stock market speculators, a leading economist says in Sunday's edition of the Rio newspaper O Globo.

"If Brazil can resist devaluation, it will be in good shape," said Latin America expert Lawrence Kron of the Union of Swiss Banks. "But the...